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FLIR Systems Inc. (FLIR): Today's Featured Aerospace/Defense Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

FLIR Systems (
FLIR) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 1.1%. By the end of trading, FLIR Systems fell $0.49 (-1.5%) to $31.28 on light volume. Throughout the day, 806,209 shares of FLIR Systems exchanged hands as compared to its average daily volume of 1,181,000 shares. The stock ranged in price between $31.26-$31.79 after having opened the day at $31.79 as compared to the previous trading day's close of $31.77. Other companies within the Aerospace/Defense industry that declined today were:
Frontline (
FRO), down 5.1%,
Esterline Technologies (
ESL), down 4.9%,
Astrotech Corporation (
ASTC), down 4.8% and
Ducommun (
DCO), down 3.6%.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates in five segments: Thermal Vision & Measurement (TVM), Raymarine, Surveillance, Detection, and Integrated Systems. FLIR Systems has a market cap of $4.5 billion and is part of the industrial goods sector. Shares are up 41.2% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate FLIR Systems a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates
FLIR Systems as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.